Turkey Gelatin Market Size & Outlook, 2021-2030
Turkey gelatin market, 2018-2030 (US$M)
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Turkey gelatin market highlights
- The Turkey gelatin market generated a revenue of USD 21.3 million in 2021 and is expected to reach USD 42.8 million by 2030.
- The Turkey market is expected to grow at a CAGR of 8% from 2022 to 2030.
- In terms of segment, bovine was the largest revenue generating source in 2021.
- Marine is the most lucrative source segment registering the fastest growth during the forecast period.
Gelatin market data book summary
| Market revenue in 2021 | USD 21.3 million |
| Market revenue in 2030 | USD 42.8 million |
| Growth rate | 8% (CAGR from 2021 to 2030) |
| Largest segment | Bovine |
| Fastest growing segment | Marine |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bovine, Porcine, Poultry, Marine |
| Key market players worldwide | Gelita AG, Darling Ingredients Inc, Panoramic Resources Ltd, Tessenderlo Group NV, Shanghai Universal pharmaceutical machinery co., PB Leiner, Sterling Gelatin, Weishardt, Junca Gelatines, Nitta Gelatin USA |
Other key industry trends
- In terms of revenue, Turkey accounted for 0.4% of the global gelatin market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia gelatin market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Middle East & Africa and is projected to reach USD 42.8 million by 2030.
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Gelatin Market Scope
Gelatin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Turkey gelatin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gelatin market will help companies and investors design strategic landscapes.
Bovine was the largest segment with a revenue share of 29.58% in 2021. Horizon Databook has segmented the Turkey gelatin market based on bovine, porcine, poultry, marine covering the revenue growth of each sub-segment from 2018 to 2030.
Turkey imports a notable amount of gelatin to cater to its growing demand from the food & beverage and healthcare industries. Additionally, manufacturers in the country are focusing on innovations and novel product development to gain a competitive edge in the region. For instance, Halavet Food, a key producer of high-value gelatin products in Turkey, is engaged in the development of novel products and is also integrated across different sectors. Another key player, SelJel Jelatin claims itself to be the first bovine-based halal edible gelatin producer for the pharmaceutical industry. The company is accredited to the EU (European Union); wherein the production is carried out in line with the food norms proposed by the EU. Growing demand for HALAL-certified food products and ingredients can significantly contribute to the gelatin demand in the near future.
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Our clientele includes a mix of gelatin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey gelatin market , including forecasts for subscribers. This country databook contains high-level insights into Turkey gelatin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey gelatin market size, by source, 2018-2030 (US$M)
Turkey Gelatin Market Outlook Share, 2021 & 2030 (US$M)
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